Principal Global plans Dublin outpost ahead of Brexit

The $445bn multi-boutique fund manager plans local hires rather than relocating staff from elsewhere

By

David Ricketts

May 8, 2018 Updated: 12:02 p.m. GMT

Principal Global Investors, the US-headquartered asset manager, plans to build an on-the-ground presence in Dublin ahead of the UK's departure from the European Union.

The $445bn multi-boutique fund manger is in the process of applying to the Irish regulator for a licence under the updated Markets in Financial Instruments Directive to secure access to continental Europe once the UK leaves the bloc in 2019.